Saturday , 19 August 2017

National debt, liabilities cross Rs2.2 trillion

Pakistan’s overall debt and liabilities have soared to an all-time high and have crossed Rs2.2 trillion an increase of Rs0.8tr since the PML N government came to power, said the recently released National Data Summary released by the State Bank of Pakistan (SBP). The SBP summary shows that on September …

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Long-standing problem: Guide to ending the power crisis

LAHORE: In this article, we would argue that the PML-N government should continue to deliver on its promise to privatise power distribution companies (DISCOs) despite all odds and should move towards creation of a wholesale electricity market by allowing differential tariffs to DISCOs. Let’s trace the history of the crisis …

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Snapchat’s youthful founders show no fear in race to IPO

SAN FRANCISCO: Snap Inc, the red-hot messaging company, is seen by many tech investors as the next Facebook or Google, but its youthful founders are pushing far more aggressively than its predecessors in moving from scrappy startup to public company. At a time when it is fashionable in Silicon Valley …

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Black Friday: Daraz group co-CEO expects volumes to rise three times

LAHORE: The online shopping spree in Pakistan is gaining momentum beyond industry’s expectations and retailers are now adopting local as well as global events to further fuel this binge. A couple of years ago, Black Friday in Pakistan was nothing more than a distant idea borne out of television screens, …

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SBP’s annual report: Sindh ranks worst in collection of income tax on agriculture

KARACHI: Sindh the second largest province of Pakistan both in terms of economy and population has been the worst performer in fiscal year 2015-16 (FY16) among four provinces when it comes to collecting tax on agriculture income as a percentage of total tax collection. Except for Sindh, the other three …

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Political populism vs economic development

ISLAMABAD: Our question is grounded in the realities of realpolitik where we often witness the electorate choose leadership high on political divisiveness but low on economic delivery. Why does the citizenry embark on such a path? The anomaly lies in the constraints of processing imperfect information by not so informed …

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FBR uses coercive measures to recover tax from GHPL

ISLAMABAD: The Federal Board of Revenue (FBR) has used coercive measures against a state-owned company, forcing it to pay Rs1.12 billion in advance tax after the authorities failed to increase revenues through lawful means. On September 29, a day before the close of first quarter of fiscal year 2016-17, the …

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Trashed: Fate of Women’s Park in Pindi uncertain

RAWALPINDI: The fate of a park near Liaquat Bagh in Rawalpindi seems uncertain after a waste management company started building permanent structures within its premises, The Express Tribune has learnt. The Women’s Park had been established in 2005 at a cost of Rs4.5 million along Nullah Leh and adjacent to …

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Chehlum procession concludes peacefully in capital

Thousands of mourners took part in the main Chehlum procession in the capital on Sunday. The procession was taken out of Markazi Imambargah G-6/2 and ended at the same venue. The police had sealed all of Sector G-6/2 for the security of the procession. A total of 1,500 police, Rangers …

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My Family Rap-ed Me – Video Goes Viral

My Family Rap-ed Me – Video Goes Viral

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